Reports Q2 revenue $180.5M, consensus $179.89M. “Since stepping into the Executive Chairman role in November, I have been acutely focused on aggressively pursuing our plans to achieve our financial and operational targets. Myself, the Board, and the management team have aligned on an operating plan driven by three key immediate priorities designed to put us on a path toward long-term growth and profitability: improving the financial performance of the company to accelerate the path to operating free cash flow generation, taking aggressive steps to strengthen our balance sheet, and raising cost-effective capital to support our growth plan. We have already made significant progress on these initiatives, evidenced by our completion of our $200 million at-the-market equity offering which puts us one step closer to finalizing our CHIPS funding,” said Wolfspeed (WOLF) Executive Chair, Thomas Werner.
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